[143 Pages Report] Global Carbon Fiber Tape Market was valued at USD 1.30 Billion in 2016, and is projected to grow at a CAGR of 11.95% from 2017 to 2022. Following are the years considered for the study.

Base Year  2016

Estimated Year  2017

Projected Year  2022

Forecast Period  2017-2022

2016 has been considered as the base year for company profiles. Whenever information was unavailable for the base year, the years prior to it have been considered.

Objectives of the Study

To define, describe, and project the carbon fiber tape market by form type, end-use industry, and region

To provide detailed information regarding the key factors such as drivers, restraints, opportunities, and challenges influencing the growth of the market

To strategically analyze the market with respect to individual growth trends, prospects, and contribution of submarkets to the overall market

To analyze the market opportunities and the competitive landscape for stakeholders and market leaders

To analyze recent market developments and competitive strategies, such as agreements, collaborations, joint ventures, mergers & acquisitions, and new product developments, to draw the competitive landscape

Different secondary sources such as company websites, encyclopedias, directories, and databases were used to identify and collect information that is useful for this extensive commercial study of the global carbon fiber tape market. The primary sources, which include experts from related industries, were interviewed to verify and collect critical information as well as to assess the prospects of the market. The top-down approach was implemented to validate the market size, in terms of value and volume. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes were determined and confirmed in this study.

The market for carbon fiber tape has a diversified and established ecosystem of its upstream players such as the raw material suppliers, and the downstream stakeholders such as manufacturers, vendors, end-users, and government organizations. Most of the major players in the market for carbon fiber tape have done backward and forward integration to strengthen their position in this market. Some of the major raw material suppliers as well as manufacturers are Zoltek Corporation (US), Teijin Limited (Japan), Hexcel Corporation (US), Royal TenCate (Netherlands), Mitsubishi Rayon Carbon Fibers and Composites (Japan), Saudi Basic Industries Corporation (Saudi Arabia), Evonik Industries (Germany), SGL Group (Germany), Royal DSM (Netherlands), and Solvay (Belgium). This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize the efforts and investments. These stakeholders include the carbon fiber manufacturers such as the Toray Industries (Japan), Teijin Limited (Japan), Mitsubishi Rayon (Japan), 3M (Germany), and SGL Group (Germany).

Scope of the Report:

This research report categorizes the market for carbon fiber tape based on end-use industry, form type, region and Carbon Fiber Prepreg Tape market based on resin type, and manufacturing process.

Along with the market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

Further breakdown of the North American Carbon Fiber Tape market

Further breakdown of the European Carbon Fiber Tape market

Further breakdown of the Asia-Pacific Carbon Fiber Tape market

Further breakdown of the Latin America Carbon Fiber Tape market

Further breakdown of the Middle East & Africa Carbon Fiber Tape market

Company Information

Detailed analysis and profiling of additional market players

The global market for carbon fiber tape, in terms of value, is projected to reach USD 2.52 Billion by 2022, at a CAGR of 11.95% from 2017 to 2022. In terms of volume, the global market for carbon fiber tape is projected to reach 24,480.0 tons by 2022, at a CAGR of 13.01% during the forecast period. The increasing demand for carbon fiber tape from aerospace, sporting goods, and marine industries, and new product launches undertaken by the major companies are driving the carbon fiber tape market.

Prepreg tape accounted for the largest market share in the carbon fiber tape market, by form type. This is because this tape is extensively used in aerospace, sporting goods, and automotive industries. This tape provides excellent strength-to-weight ratio, high stiffness, high toughness, and corrosion fatigue resistance.

The aerospace industry of the global carbon fiber tape market is projected to grow at the highest CAGR from 2017 to 2022. This can be attributed to the growing need for lightweight, strong, and stiff materials. Many aircraft manufacturers such as Boeing (US) and Airbus (France) have entered into agreements with airlines such as Ethiopian Airlines, and Spice Jet for the supply of aircrafts. This will increase the demand for carbon fiber tape by aircraft manufacturers. Commercial aircraft are increasing the use of carbon fiber tapes in wing manufacturing and repairing that will drive carbon fiber tape market in the aerospace industry in the near future.

The North American region holds the largest share in the carbon fiber tape market. This is due to the rising demand for superior performance materials in the aerospace industry. The greater strength-to-weight capability and excellent fatigue tolerance of carbon fiber tapes allow for more structurally efficient and aerodynamic aircraft designs. Carbon fiber tape provides superior properties such as high abrasion, wear resistance, high modulus, high strength, high stiffness, low density, chemical resistance, and low creep.

Presence of prominent manufacturers of carbon fiber tape such as Hexcel Corporation (US), Solvay (US), and among others in the region also fuel the market growth.

The limited production capacity, the high cost of carbon fiber, and no breakthrough from research and technology side are the major restraints towards the growth of the carbon fiber tape market.

The companies such as Zoltek Corporation (US), Teijin Limited (Japan), Hexcel Corporation (US), Royal TenCate (Netherlands), Mitsubishi Rayon Carbon Fibers and Composites (Japan), SGL Group (Germany), Royal DSM (Netherlands), and Solvay (Belgium) are the dominant market players in the global carbon fiber tape market. They have been adopting new product launches as the only strategy to enhance the current market scenario of the carbon fiber tape market.

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